France: Cement Market 2024

Cement Market Size in France

In 2022, the French cement market decreased by -2.1% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption showed a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the market value increased by 7.3%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cement Production in France

In value terms, cement production surged to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports from France

After three years of decline, shipments abroad of cement increased by 25% to X tons in 2022. Over the period under review, exports, however, saw a noticeable reduction. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cement exports soared to $X in 2022. Overall, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for cement exports from France, accounting for a 50% share of total exports. Moreover, cement exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. Luxembourg (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.6% per year) and Luxembourg (+10.4% per year).

In value terms, the largest markets for cement exported from France were Germany ($X), Italy ($X) and Luxembourg ($X), together accounting for 86% of total exports. Spain, Switzerland and Belgium lagged somewhat behind, together accounting for a further 12%.

Spain, with a CAGR of +12.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cement export price stood at $X per ton in 2022, picking up by 3.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 33%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into France

In 2022, imports of cement into France dropped to X tons, which is down by -4.7% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, cement imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

Belgium (X tons), Spain (X tons) and Luxembourg (X tons) were the main suppliers of cement imports to France, with a combined 68% share of total imports. Italy, Germany, Greece, Vietnam and the Netherlands lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +38.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and Luxembourg ($X) constituted the largest cement suppliers to France, with a combined 62% share of total imports. Italy, Germany, the Netherlands, Vietnam and Greece lagged somewhat behind, together comprising a further 26%.

Vietnam, with a CAGR of +39.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cement import price stood at $X per ton in 2022, with an increase of 2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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